Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Mon July 16 2018 20:39:51

eBay Unveils Payments Beta on Anniversary of PayPal Split

By: Ina Steiner

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We noted in our editorial this morning (available to email subscribers) that this is the 3-year anniversary of eBay's split with PayPal, meaning eBay would be able to start testing its own payments system on a small scale. 

Hours later, eBay sent an email to sellers inviting them to participate in a beta trial that begins in September. And while it didn't provide information about the cost of using eBay Payments, it said there would be special pricing for those who opted in early. (Eventually it will become mandatory for all users.)

eBay had previously announced it would become a "payments intermediary," meaning that while buyers will continue to use various payment methods - including PayPal - they will pay eBay rather than paying sellers. eBay will then disburse payments to sellers. Read more in this January blog post.

Today, eBay positioned it as a "simpler" way to get paid: "Consolidated pricing: all your fees in one place on one bill, plus special pricing for early opt-in."

Sellers have expressed many concerns about eBay's forthcoming approach to payments. A key concern is how long it will take to receive their funds. eBay said there would be daily payouts, but it said "All cleared funds will generally be paid in a daily batch and directly to your bank account, regardless of how your buyer chooses to pay."

The words "cleared" and "generally" may give rise to concern.

One seller said they worried about what would happen to micro payments, which PayPal offers and makes it affordable to sell items at extremely low prices. 

In its email today, eBay provided sellers with FAQs and invited them to take a survey to provide feedback. Here's what eBay sent to sellers:



Tell us what you want to learn about managing payments on eBay. 
This will be a multi-year journey, and you've been invited to participate in the initial launch this fall. We want to keep you informed of our plans to manage payments. Before you sign up for managed payments, you may have questions. Here are answers to questions that may be on your mind

1) What are the key benefits?

- One place to sell and get paid: manage all your selling and payments needs from within your eBay account.

- Simpler bills: all your fees in one place on your eBay bill.

- Consolidated pricing: all your fees in one place on one bill, plus special pricing for early opt-in*.

- Daily payouts: direct to your bank account. No need to transfer funds between accounts.

- New ways for buyers to pay: such as mobile payments with Apple Pay.

- Better protection: claim and chargeback seller protections provided by eBay, with one place to manage disputes.

- More control: accept your exclusive invitation now to get a head start on adapting your business to selling and getting paid on eBay.

2) What will eBay's fees be?
In September 2018, you will receive an invitation to participate in our limited initial launch. To access the offer, you'll be prompted to sign in to your account for more information and specifics like fees and additional frequently asked questions.

3) How will I access my funds?
All cleared funds will generally be paid in a daily batch and directly to your bank account, regardless of how your buyer chooses to pay. From your bank account, you can access your funds directly, with no need to transfer funds between accounts. In addition, we're working with our financial partners to enable even more options for speedy access to your earnings. 

4) What will I have to do to sign-up?
Your invitation in September will take you to a sign up page for a quick and easy enrollment process. After you enter a few personal details like preferred bank account for payouts and your social security number to verify your identity, we'll manage the rest. We will automatically update your existing account and listings and transfer your existing listings to the new payments model. For new listings, we'll ask you to use Seller Hub's listing page and any existing listings APIs you use.

We're still continuing to work on additional details. If you have other questions, please let us know what you'd like to know about managing payments.

What's most important to you as eBay begins managing payments? Select all that apply.

- How quickly I can access my funds.

- New forms of payment for my buyers.

- How returns and refunds will be managed.

- What protections eBay will extend to me.

- What the discounted pricing will be.

- Other

Please let us know if you have any other feedback. (Text box)

Please don't include any personal information, such as your name, address, phone or user ID in the fields above.

By using this feature and submitting feedback, suggestions or enhancements, you assign to eBay all right, title and interest to all associated proprietary rights worldwide, including without limitation, all patent, copyright, trade secret, trademark, moral right, rights of publicity, or other intellectual property rights.

Comments (105) | Leave Comment | Permalink
Readers Comments

Perminate Link for eBay Unveils Payments Beta on Anniversary of PayPal Split   eBay Unveils Payments Beta on Anniversary of PayPal Split

by: DingDong This user has validated their user name.

Sat Jul 21 08:32:56 2018

I had check with the bank about eBay making direct deposits and any refunds that would be issued.
He told me that since you accept their site, that gives eBay the right to also withdrawal monies from your account that you assign to it. Any overdrafts will be the accounts problems.
I asked if I can override this. NO.
Then he mention, do what I will be doing, stop selling on eBay. They have too much control over the refunding (buyer friendly).

Adyen may be fine in processing payments and deposits, BUT it is the refunding at eBay's request when the refund is not founded.

It's eBay having full control of our accounts
** Are our listings according to their product catalog.
** Whether or not to hide (black out) our listings.
** Whether or not we are offering free returns.
** Finding our listings have been "glitch change" to offer Or Best Offer or Free Returns or deleting our lists and ......
** Ebay using their in house payment (eventually) and decide when you will get paid and that you are to send out the merchandise just the same.
** Ebay will make the best decision in product claims and then just going into our accounts to issue refunds willy nilly.
**  Just too much crap, am I am ready to dump on eBay. My other sites are picking up. Thank you eCrater

Perminate Link for eBay Unveils Payments Beta on Anniversary of PayPal Split   eBay Unveils Payments Beta on Anniversary of PayPal Split

by: eBay Shill Buster This user has validated their user name.

Sat Jul 21 14:58:50 2018

This is going to ruin millions of sellers who do not have enough cash in the back for eBay to withdraw when there are false claims made against small sellers.

So look for eBay's numbers to continue to fall as Devin proceeds to ruin this once great marketplace.

Millions of sellers will be put out of business and run into bankruptcy by that moron Devin Wenig, time to fire this idiot now before these things happen and bring in a CEO from the outside that will reverse this lunacy.

There is nothing wrong with PayPal right now, sellers get their cash and are able to ship the same day, Devin is looking to destroy eBay by his own greed and will succeed at that for sure, he has been destroying eBay form the day the dummy got the job.  

Perminate Link for eBay Unveils Payments Beta on Anniversary of PayPal Split   eBay Unveils Payments Beta on Anniversary of PayPal Split

This user has validated their user name. by: Bill

Sun Jul 22 00:19:02 2018

They day eBay asks for my bank account is the day I will be gone along with a lot of other sellers. One of the reasons I left Amazon years ago because of Amazon payments. I have been with PayPal since before eBay bought it and I have never had a problem. Been on eBay for over 19 years but those days are slowly coming to an end. So be it!

eBay = Dead Man Walking

Perminate Link for eBay Unveils Payments Beta on Anniversary of PayPal Split   eBay Unveils Payments Beta on Anniversary of PayPal Split

This user has validated their user name. by: Marie

Sun Jul 22 02:18:41 2018

@eBay Shill Buster

Some are ASSUMING what Ebay will be doing in regards to refunding a buyer.  That does NOT make it factual.  It is fear and dislike that causes some to feel the way they do about Ebay.  Not that I trust them, I'm just saying Ebay has NOT announced how they will handle these situations.  Before I start worrying about it, I'll wait and see what they decide their policy will be.

We have lots of time.  We will know more later this year and long before it affects most sellers.  So plenty of time to get the FACTS and then decide what is the best decision for each of us to make about selling or not selling on Ebay.

For me, I'm not going to get all worked up now as there is lots of gossip and assumptions, but not enough facts to base a business decision this important on.

Perminate Link for eBay Unveils Payments Beta on Anniversary of PayPal Split   eBay Unveils Payments Beta on Anniversary of PayPal Split

This user has validated their user name. by: Bill

Mon Jul 23 00:02:17 2018

Marie,

You are correct, there still is time. I will not do anything until eBay asks for my bank account, that is when I am gone after 19+ years. Hopefully I will make 20.


eBay = Dead Man Walking.

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